Vietnam seeks ADB cooperation in green transition, regional connectivity
VOV.VN - Vietnamese Prime Minister Le Minh Hung met with President of the Asian Development Bank Masato Kanda in Cebu, the Philippines, on May 7 to discuss development cooperation, green transition and regional connectivity.
At the meeting held on the sidelines of the 48th ASEAN Summit and related meetings, PM Hung highly appreciated the ADB’s contributions to Vietnam’s socio-economic development over recent decades.
Emphasising the importance of development assistance and concessional financing for Vietnam’s next stage of growth, the Prime Minister welcomed the ADB’s early preparations for the Vietnam Country Partnership Strategy 2027–2031, describing it as a demonstration of the bank’s long-term commitment to supporting the country’s development goals.
He proposed that the ADB continue working closely with the Vietnamese Government to further improve the effectiveness of bilateral cooperation, particularly by reviewing and resolving obstacles affecting project implementation.
The Prime Minister also called on the bank to expand flexible and preferential financial instruments, while increasing technical assistance and policy advisory support in areas such as new growth models, green transition, supply chains, climate change response and private-sector development.
In addition, he urged the bank to strengthen cooperation frameworks between the ADB and ASEAN, as well as within the Greater Mekong Subregion (GMS), especially in energy and regional connectivity projects.
For his part, ADB President Kanda congratulated Le Minh Hung on his election as Prime Minister and thanked Vietnam for its continued support for the bank.
He affirmed that the ADB would remain a trusted partner of Vietnam in its new development era and assured the Country Partnership Strategy 2027–2031 would be closely aligned with Vietnam’s socio-economic development strategies and priorities.
According to Kanda, the ADB will continue improving procedures and developing new financial instruments in order to better meet the financing needs of Vietnam and other member economies.
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